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Sarbanes Oxley Compliance Increases Audit Fees

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The average audit fee increase from 2003 to 2004 was as much as 92% depending on the size of the company, with the increase primarily attributable to Sarbanes Oxley compliance.

What changed in the auditor's responsibilities that caused the increase in auditor work, and thereby audit fees?

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The solution discusses what change in the auditor's responsibilities that caused the increase in auditor work - thereby audit fees.

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With the enactment of the Sarbanes-Oxley Act of 2002, auditors are now required to issue an opinion on whether the effectiveness of the ...

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